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U.S. Gambling Regulations Aren't Over Yet

According to Representative Barney Frank, licensing is the key element missing from last year’s Unlawful Internet Gambling Enforcement Act that stopped online casino gambling in the United States in its tracks. Representative Frank held a press conference last week to introduce his new Bill to the US House of Representatives. Basically over the last six months since the UIGEA was voted and signed into law, Representative Frank has been vocal in his support of alternative legislation that does not affect U.S. citizens’ rights as severely, while allowing some online casinos back into the U.S.

Representative Frank’s press conference centered on introducing the House of Representatives to the Internet Gambling Regulation and Enforcement Act of 2007 (IGREA). His new bill, if passed would effectively bring online casino gambling back in to the U.S. But the key part of the Bill lies in the fact that Frank stresses that rather than eliminating online casinos, the government will more effectively monitor online gambling through regulations of the online casinos offered to U.S. players. The bill effectively establishes a federal regulatory and enforcement framework.

Additionally, the bill protects the financial institutions, which are currently the target of the UIGEA. The financial institutions will have liability protection as long as they are only allowing transactions with the U.S. licensed online casino companies.

A former U.S. Senator, and the current Poker Players Alliance Chairmen of the Board, Alfonse D’Amato was supportive of the bill. According to D’Amato, "Congressman Frank's bill is a common sense approach to Internet gambling. Licensing and regulation will allow us to sort out the most responsible sites-those that are good corporate citizens-from those engaged in unscrupulous activities and practices.”